Morning Brief 4.21.20: Libra looks for compliance pros in Dublin

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Follow the job listings

Facebook is hiring about 50 staffers for a stablecoin operation in Dublin, a sure sign that it's accelerating work on the Libra cryptocurrency ahead of its expected launch later in 2020.

The listings stress experience in compliance, fraud, and customer service, according to Finextra. That would be in line with recent changes at Libra that are focused on improving relationships with regulators and the public.

One of the earliest clues that Facebook was working on a cryptocurrency came when it hired a team of cryptocurrency experts in London in early 2019, months before the first Libra white paper was issued in June. In an even earlier move, Facebook moved Messenger chief David Marcus, the former head of PayPal, to a job overseeing blockchain in 2018.

Bigger market

eBay is adding Australia and Canada to the growing list of countries where it is directly managing payments for sellers.

eBay is already managing payments in the U.S., U.K. and Germany as part of its breakup with PayPal. eBay, which started managing some payments on its own in 2018, is adding new nations to that list as part of the separation agreement.

PayPal's separation from eBay is scheduled to be complete by this summer, though the two companies will retain some partnerships.

Going digital

Wirecard will work with Visa to broaden digital commerce as part of Visa's Fintech Fast Track Program.

The program uses VisaNet, the card brand's global payment network. Wirecard will supply financial technology and payment systems, as well as programs designed to expedite time to market for new payment projects.

Visa has been expanding partnerships with fintechs through its development programs to ramp up its open banking capabilities.

Call the courier

Uber is adding services to offset the decline of its core ride hailing business during the coronavirus outbreak.

Two new services, called Uber Direct and Uber Connect, bolster Uber's courier business, reports TechCrunch. Direct is a delivery service for retail items and Connect is a peer package delivery service.

Uber has been adding supermarket partners in an attempt to build UberEats' delivery service in that vertical.

From the web

As Latinos lose jobs, remittances to their relatives in Latin America dry up
NBC | Mon April 20, 2020
The sudden end in remittances sent to Latin America each year is affecting the wellbeing of families and crippling the economies of developing countries. Many of those who send remittances often work in the service industry and have been let go or furloughed.

Goldman sees spike in payment holiday requests from retail customers
FINANCIAL TIMES | Mon April 20, 2020
Goldman, which lends to consumers under its Marcus brand and issues credit cards offered by Apple, has seen 10 to 20 per cent of such borrowers request to defer payments since the coronavirus crisis, according to a person familiar with the matter. The take-up varies across products.

Americans Are Using Their Stimulus Checks To Buy Bitcoin
FORBES | Mon April 20, 2020
Although the Bitcoin price declined sharply, some Americans are taking their $1,200 stimulus checks and using them to buy Bitcoin and other cryptocurrencies.

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